There is no oil price war

In between news about George Clooney’s wife and property prices, the media has found plenty of space to write about the ‘oil price war’. Fairfax and News press have both got into the action, portraying the dramatic slump in oil prices as collateral damage from a conflict between the Saudi’s and North American shale producers. The narrative goes like this: oil prices have fallen because OPEC, led by Saudi Arabia, refuse to cut production in response to slower demand. They refuse to cut production because they are concerned about the explosion of supply from shale producers in America and now...

In between news about George Clooney’s wife and property prices, the media has found plenty of space to write about the ‘oil price war’. Fairfax and News press have both got into the action, portraying the dramatic slump in oil prices as collateral damage from a conflict between the Saudi’s and North American shale producers.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles